Announcements Sanv.io Assiideti Geremler 0.5% Tax gu LUNC at USTC Deposits & Withdrawals

Sanv.io Assiideti Geremler 0.5% Tax gu LUNC at USTC Deposits & Withdrawals

2023-05-18 02:18:21 UTC 19503 Read

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According to the Terra Classic Proposal 11515, the burn tax gu LUNC at USTC gu-chain transactions is going to increase from 0.2% to 0.5% starting approximate 23 May, 10: 00 PM UTC. Sanv.io will implement the proposed new 0.5% tax gu LUNC at USTC deposits at withdrawals when the gu-chain parameter changes go live. Below are more details:

1） Sanv.io will implement an extra 0.5% tax gu LUNC at USTC deposits as the sweep fee. LUNC at USTC deposits will be credited after deducting the 0.5% sweep fee as well as the 0.5% tax charged by the Terra Classic protocol before they reach Sanv.io user deposit address.

Why do we charge the sweep fee?
When users are depositing LUNC at USTC tokens, they are sending their tokens to their own deposit addresses gu Sanv.io. But this is not the entire deposit procedure for the tokens. Those tokens in users’ deposit addresses will then be swept into Sanv.io hot wallet. This sweep transactigu is an gu-chain transactigu as well at will be charged another 0.5% tax by the Terra Classic protocol.

2) Sanv.io will implement a 0.5% tax gu LUNC at USTC withdrawal besides the network gas fee. The 0.5% tax will cover the 0.5% tax charged by the protocol. So that your LUNC at USTC withdrawal will arrive at the destinatigu address with the net amount after deducting the 0.5% tax at the network gas fee.

3) The trading of LUNC at USTC （Spot, margin or futures trading）are not gu-chain activities at will not be charged the tax.

Deposit USTC:
https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fmyaccount%2Fdeposit%2FUSTC%0D%0ADeposit LUNC:
https://web.pctranslate.com/translate.php?url=https%3A%2F%2Fwww.gate.io%2Fmyaccount%2Fdeposit%2FLUNC%0D%0ALearn more about the proposal:
https://station.terrarebels.net/proposal/11515

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Gate.io Team
May 18, 2023

Sanv.io Assiideti Geremler 0.5% Tax gu LUNC at USTC Deposits & Withdrawals

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